Ethereum gas fees are currently 62 % cheaper than in the previous month-
Ethereum gas fees are currently 62 % cheaper than in the previous month-
November 2021, i.e. 46 days ago, the transaction fees in the Ethereum network were reduced by more than half. At this time, the average fee for the transport of Ethereum was $ 62.84 per transfer and since then the fees have dropped by 62.85 % to $ 23.34 per transaction.
from $ 62 to $ 23 per transaction, the Ethereum fees were reduced by more than 62 %
a little more than a month ago it was much more expensive to transfer Ethereum ( eth ) onchain, let alone shift, token, token Swap or interact with a smart contract. On December 25th Metrics show the average fee that is output for the Ethereum network or 0.0056 Ether Pro Transaction.
The day before it was $ 23.34 per transaction, which is 62.85 % less than the fees of November 9th. A saving of 62 % per data transfer costs is considerable and the Middle Ether fee is even cheaper. Statistics from Bitinfocharts.com show that the average Ether fee was $ 34.28 per transaction on November 9 and today 0.0032. is eth or 12.99 $.
The decline in median fees was also more than 62 % lower than in the measured values, which were recorded 46 days ago for the median ether fees. The fees for the data transmission are even lower if you look at the recorded media fee to l2fees.info statistics. On Saturday, the fee for transactions with Ethereum is $ 6.78 per transaction, but moving a token costs 15.49 per transfer.
Layer-2 networks still move ether for less money
The exchange of a token costs the user according to statistics from l2fees.info today 33.89 per transaction. Of course, the transfer fees of layer 2 (L2) are much lower and the currently lowest provider in relation to the fee rates is LOOPRING at 0.16 USD per ether transfer. The Hermez (0.25 USD), ZKsync (0.33 USD), Arbitrum One (1.87 USD) and Optimism ($ 2.00) follow. In order to replace a token or interact with an Ethereum-based smart contract, it costs a ZKSYNC user 0.81 USD, a looping user 1.02 USD, an optimism user $ 2.82 and an arbitrum user $ 3,22 per transmission.
In addition to the increasingly cheaper Ethereum network fees, Bitcoin ( btc ) are also lower today. In fact, since the end of July btc According to Bitinfocharts.com, the fees were on average between 1.50 and 5.00 USD per transaction data . On Saturday, December 25, 2021, the average Bitcoin ( btc ) fee is 0.000046 btc That is approximately $ 2.36 per transaction or 0.0000001 btc per byte. btc on April 21, 2021, a maximum of $ 62.77, which indicates that the fees are 96.24% cheaper As the maximum of this day.
What do you think that Ethereum network fees have dropped by more than 62 % since November? Let us know your opinion on this topic in the comments below.
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